Published on 4 May 2024 on Insider Monkey via Yahoo Finance
Morgan Stanley’s Top 15 Stock Picks for 2024
In this article, we'll look into Morgan Stanley's top 15 stock picks for 2024. If you prefer to skip the introduction about the investment bank and its recent business developments, you can just dive straight into Morgan Stanley's Top 5 Stock Picks for 2024.
With the upcoming U.S. election season looming, the Federal Reserve has attempted to chart a course of interest rate cuts, banking on the assumption that inflation will eventually be reined in. However, despite this, both economic growth and the labor market have displayed resilience. Recent economic indicators have prompted Morgan Stanley Research to revise its forecast for U.S. economic growth, now projecting 2.3% for 2024 and 2.1% for 2025, up from previous estimates of 1.9% and 1.4%, respectively. Consequently, the Fed is expected to initiate the first rate cut of this cycle in July, instead of the previously anticipated June, followed by two more 25 basis point cuts by year-end. Looking ahead to 2025, Morgan Stanley anticipates a continued downward trend in rates, with the Fed making cuts at each meeting through June, aiming to reach a rate of 3.625%.